Labour donor says party WILL split if Corbyn wins and pledges to fund a breakaway group

One of Yorkshire's richest men and one of the Labour Party's biggest individual donors has said he will fund a breakaway party in Jeremy Corbyn is re-elected.

Dr Assem Allam, who owns Hull City Football Club, has long been a critic of Mr Corbyn's leadership, describing him as unelectable.

Now he's told our Political Correspondent Daniel Hewitt it is inevitable Labour will split, and has revealed he's been in contact with senior party figures about forming a new party.